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To: Chi-townChief
And I'm very concerned that my 401k will be the place those who didn't save will want to get their retirement income from.

That is a serious concern. You are putting the money away tax free. It grows. No one knows at what rate it will be taxed at when you begin to take it out. The Roth IRA is much better. However, it is set up so you really can't put in large enough sums to make a difference. They will take as much as they can from those of us that work.

48 posted on 11/28/2006 11:11:14 AM PST by outofstyle
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To: outofstyle

Just as no one knows at what rate it the 401k be taxed at when you begin to take it out, I can see the govt. down the road say there is a 'crisis' with SS, and Roth IRA's are no longer tax free.


54 posted on 11/28/2006 11:20:40 AM PST by Nascar Dad (Liberals, Libertarians, Losers....)
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